Interested in purchasing investment houses in the 40514 zip code in Lexington, KY?
The zip code 40514 is in Fayette county with a latitude of -84.563430000000 and longitude of 37.982690000000, is in the state of Kentucky. The average asking price of houses and condos is $186,636.00 and the average sale price was $174,986.00. this regions is classified as the Lexington metro area and is in the 859 area code. The location in degrees is 37° 58' 57.684" N, 84° 33' 48.348" W. The county F.I.P.S. is 21067. The total land area is 3.0 square miles and the water area is 0.0 square miles. The elevation in this area is 968 - 968 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 40514 is in county number 067 and is L. Sector 10, L. Segment , H. Sector , and H. Segment . The population was 16,753 in 2019 and 14,647 in 2010. This further breaks down to 8,392 males (50.1%) and 8,361 females (49.9%). The median age of residents is 38.4 years. The population of the greater Lexington-Fayette, KY area is 466,177. The population density (people per square mile) is 5,655. This zip code has a combined total of 6,405 houses and condos. There are 1,436 rented appartments. 23% of residents rent versus the 23% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $62,853 and the average salary is $57,207. The median household income of individuals is $92,085.00 and the average is $70,100.00. This zip code has a mean commute time to work of 23.7 minutes. The unemployment rate is 2.7%. Income earners by percent breakdown as 13.40% (Under $50,000), 41.70% ($50,000-$100,000), and 44.90% earn over $100,000. 2.9% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 90.3. The educational breakdown is 98.7% have a high school education or higher, 55.4% have a bachelor's degree or higher, and 26.7% have some kind of profesional degree.
This area has 5,464 households and the average size is 2.7 people. Individuals who are single and have never been married are 26.4%, 58.9% are now married, 0.8% are separated, 3.0% are widowed, and 10.9% are divorced. The average yearly contribution amount given by people to charity was $3,666 versus the state average of $4,303. The percent of residents who gave to charity was 44.7%.
The estimated median value of houses and condos is $231,212. The median monthly owner costs of mortgage holders was $1,429, where as the costs for those who don't have a mortgage are $522. The median number of rooms in houses and condos are 7.1 versus apartments which had a median number of 5.0.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $2,068. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,257. The median housing property tax percent for residents with mortgages was 0.9% which amounted to an average tax amount of $2,016. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $2,320. Reported taxable interest for persons was $743, dividends $2,721, capital gains +$3,796, and itemized deductions $19,557. The average earned income tax credit is $1,920. The percent of individuals that use a tax preparer is 48.7%. The total average income taxes paid by individuals was $8,445. Businesses reported an average profit of $10,321.
Osaka Japanese Restaurant
3805 Dylan Pl Ste 130, Lexington, KY 40514
Foliage Restaurant
3650 Boston Rd, Lexington, KY 40514
Tack House Pub
4401 Harrodsburg Rd, Lexington, KY 40513 (2.1 miles away)
Ketch Seafood Grill The
2012 Regency Rd, Lexington, KY 40503 (2.9 miles away)
O'Charley's
2099 Harrodsburg Rd, Lexington, KY 40504 (4.4 miles away)
The Dixie Cafe & Quick Stop
108 Keene South Elkhorn Rd, Keene, KY 40339 (4.9 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
